Dynemic Products Limited (DYNPRO) AI Stock Analysis

• Market Cap: ₹2.54B
• Dividend Yield: N/A
• Average Volume (3M): 1.91K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.76
• Revenue Growth: 13.70%
• EPS Growth: 45.64%
• Country: IN
• Employees: 446
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 3.83
• Shares Outstanding: 12,428,387
• 10 Day Avg. Volume: 1,079
• 30 Day Avg. Volume: 1,912
• PEG Ratio: 0.07
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 15.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹216.00 ▼(-14.10% Downside)
• Action: Reiterated Date: 11/14/25
• Date: Action: Reiterated 11/14/25

The overall stock score for Dynemic Products Limited is primarily influenced by its solid financial performance, which is offset by bearish technical indicators. The stock's valuation is moderate, but the lack of a dividend yield may deter some investors. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Improving profit margins

Improved gross margin (47.45%) and rising EBIT/EBITDA margins point to better product mix and operational efficiency. Sustained margin expansion supports more durable cash flows and reinvestment capacity, strengthening contract-manufacturing competitiveness and long-term profitability potential.

Manageable leverage and strong equity base

A debt-to-equity of 0.43 and equity ratio near 54% provide financial flexibility and lower refinancing risk. This capital structure helps the company weather industry cyclicality, fund capacity investments or R&D, and maintain resilience over the medium term without overstretching leverage.

Positive cash generation

Positive free cash flow and an operating-cash-flow-to-net-income ratio of 1.90 demonstrate strong cash conversion. Reliable cash generation enables self-funding of capex and working capital for contract manufacturing, supports debt servicing, and underpins sustainable growth initiatives over coming quarters.

Negative Factors

Low net profitability

A net margin of ~4.2% limits retained earnings and reduces buffer for shocks. The gap between high gross margin and low net margin suggests elevated operating costs or pricing limits in certain contracts, leaving long-term earnings more sensitive to input-cost inflation or competitive pressure.

Declining free cash flow growth

Although FCF is positive, a -21.74% decline in FCF growth is concerning if persistent. Falling FCF growth reduces capacity to finance expansion, deleverage, or return capital, and increases reliance on external financing during downturns, constraining strategic optionality.

No dividend yield

The lack of a dividend reduces appeal to income-oriented shareholders and can narrow the investor base. If maintained long-term, this policy may pressure shareholder support and implies capital allocation is directed to reinvestment or balance-sheet priorities rather than returning cash to investors.

Dynemic Products Limited Business Overview & Revenue Model

Company Description

Dynemic Products Limited engages in the manufacturing and selling of dyes and dye intermediates in India. It offers food colors that are primarily applied in coloring food, drug, and cosmetic products; lake colors that are used in the application of pharmaceuticals, cosmetic and personal care products, spice compounds, bakery and dairy products, and snack foods; and blended colors. The company also provides food drug and cosmetic colors; salt free dyes for inkjet industry; and dyes intermediates, such as pyarazolone, naphthalene, and benzene based dyes intermediates that are applied in reactive, metal complex, acid, ramazol, and direct dyes, as well as in food colors. In addition, it offers drug and cosmetic colors for tablet coatings, compressed tablets, syrups, hard and soft gelatin capsules, toiletries, skin-care products, water-based make-ups, lipsticks, nail polishes, pencils, foundations, and lip glosses; and natural food colors. The company also exports its products worldwide. Dynemic Products Limited was incorporated in 1990 and is based in Ahmedabad, India.

How the Company Makes Money

DYNPRO primarily makes money by manufacturing and supplying APIs, intermediates, and specialty chemicals to customers (typically pharma/chemical companies) under business-to-business arrangements. Revenue is generated from (1) sale of manufactured products (APIs/intermediates/specialty chemicals) where pricing depends on volumes, product mix, and contract terms, and (2) contract/custom manufacturing services where the company manufactures products to a client’s specifications and earns processing/manufacturing charges (and/or a margin on materials if it procures inputs). Earnings are influenced by customer order flow, capacity utilization, raw-material costs and pass-through terms, regulatory/quality compliance, and the company’s ability to secure repeat orders for higher-value or more specialized molecules. Specific material partnerships, customer concentration details, and segment-wise revenue breakdown are null.

Dynemic Products Limited Financial Statement Overview

Summary

Dynemic Products Limited exhibits solid financial performance with significant revenue growth and improved profitability margins. The balance sheet is stable with a strong equity base, though debt levels should be managed closely. Cash flow generation is robust, supporting the company's ability to invest and grow.

Income Statement

Dynemic Products Limited has shown strong revenue growth, with a significant increase from the previous year. The gross profit margin has improved to 47.45% in 2025, and the net profit margin has increased to 4.16%, reflecting better cost management and profitability. EBIT and EBITDA margins have also improved, indicating efficient operations. However, the net profit margin remains relatively low, suggesting room for further profitability enhancement.

Balance Sheet

The company's debt-to-equity ratio is 0.43, showing a manageable level of debt compared to equity. The return on equity (ROE) is 6.69%, indicating moderate profitability relative to shareholders' equity. The equity ratio of 53.89% suggests a strong equity base, providing financial stability. Despite these strengths, the company should monitor its debt levels to maintain financial health.

Cash Flow

Dynemic Products Limited's free cash flow has turned positive with a growth rate of -21.74% compared to the previous year, indicating improved cash generation. The operating cash flow to net income ratio of 1.90 shows strong cash flow generation relative to net income. However, the company should focus on sustaining free cash flow growth to support future investments and debt repayments.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.67B	3.61B	2.80B	2.89B	2.43B	2.01B
Gross Profit	1.77B	1.71B	623.96M	170.28M	564.46M	568.13M
EBITDA	508.11M	483.00M	304.02M	240.32M	409.07M	435.57M
Net Income	175.87M	150.00M	36.18M	-29.40M	142.98M	284.94M
Balance Sheet
Total Assets	4.14B	4.16B	4.00B	4.12B	4.15B	3.51B
Cash, Cash Equivalents and Short-Term Investments	24.61M	23.82M	17.71M	19.89M	22.94M	8.17M
Total Debt	791.24M	958.75M	1.15B	1.48B	1.74B	1.53B
Total Liabilities	1.81B	1.92B	1.97B	2.29B	2.44B	1.95B
Stockholders Equity	2.33B	2.24B	2.03B	1.83B	1.70B	1.56B
Cash Flow
Free Cash Flow	205.61M	215.16M	274.90M	238.39M	-146.44M	-770.77M
Operating Cash Flow	229.10M	284.31M	302.74M	247.68M	396.86M	481.45M
Investing Cash Flow	-11.19M	-59.26M	-6.45M	-7.94M	-549.24M	-988.20M
Financing Cash Flow	-216.37M	-243.97M	-304.25M	-262.22M	122.37M	493.71M

Dynemic Products Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 251.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DYNPRO, the sentiment is Negative. The current price of 251.45 is above the 20-day moving average (MA) of 225.19, above the 50-day MA of 229.30, and below the 200-day MA of 295.15, indicating a bearish trend. The MACD of -5.44 indicates Positive momentum. The RSI at 35.13 is Neutral, neither overbought nor oversold. The STOCH value of 9.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DYNPRO.

Dynemic Products Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DYNPRO	61 Neutral	₹2.54B	17.18	―	―	13.70%	45.64%
DICIND	60 Neutral	₹4.98B	25.63	―	0.82%	1.34%	283.51%
LORDSCHLO	54 Neutral	₹2.90B	23.33	―	―	39.31%	―
GENUSPAPER	50 Neutral	₹3.03B	28.86	―	―	23.58%	154.81%
ARCHIDPLY	49 Neutral	₹1.49B	27.55	―	―	35.50%	―
KANORICHEM	45 Neutral	₹2.62B	23.83	―	―	-1.30%	-27.85%